Depreciation is a process of valuation

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Reference no: EM13950539

Which of the following statements is true?

	a.	Depreciation is a process of valuation.
	b.	Depreciation is a process by which a business sets aside cash to replace assets as needed.
	c.	Accumulated depreciation represents a growing fund of cash.
	d.	Accumulated depreciation is the portion of an asset's cost that has already been recorded as an expense.
	e.	Both a and d are true.

Reference no: EM13950539

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